Are you ready for Making Tax Digital?
Come along and discuss your needs at the Wylie & Bisset FREE seminar October 24 at Corran Halls
From April 2019 onwards all businesses registered for VAT and with a turnover of £85,000 or above, must maintain their VAT accounting records and submit their VAT returns digitally.
For those not yet familiar with what Making Tax Digital (MTD) will mean for their business, be assured there is still time to make certain your records are compliant.
Advice is available to assist you in preparing for the changes, whether you wish to outsource your bookkeeping completely, require assistance updating your systems or training in how best to use them.
As well as ensuring your business is compliant with the new Making Tax Digital legislation, digital bookkeeping can have other benefits, including allowing you to manage your financial records “on the go” and providing a more efficient and accurate accounting function for your organisation. Cloudbased accounting systems are far more cost-effective than you may anticipate, with some digital platforms available from as little as £10 per month, and in some instances even less when purchased through your accounting advisor.
Making your VAT systems digital is achievable for the deadline, but time is of the essence. However you keep your financial records, whatever the systems you use or the support you require, help is at hand.
Contact Lorna Wyllie for advice, training or to outsource your bookkeeping completely on 0141 566 7000, email firstname.lastname@example.org